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LOS ANGELES, July 27- If you want your college student to learn money management skills, get him or her a checkbook instead of a credit card. Those who had checking accounts, by contrast, were "markedly more prepared" to handle their finances than those who were unbanked before college, according to the study conducted by education technology company EverFi and...

WASHINGTON— A federal appeals court on Friday revived a legal challenge to the Consumer Financial Protection Bureau, the federal office created to protect consumers in financial dealings with banks, lenders and credit card companies. Wall Street interests and Republicans in Congress fiercely opposed the agency. Eleven states had joined the lawsuit filed...

July 22- Credit card issuer American Express Co reported a 5 percent fall in quarterly profit as a stronger dollar reduced revenue from markets outside the United States. The company's net income attributable to common shareholders declined to $1.44 billion, or $1.42 per share, in the second quarter ended June 30, from $1.52 billion, or $1.43 per share, a year...

July 22- Credit card issuer American Express Co reported a 5 percent fall in quarterly profit as a stronger dollar reduced revenue from markets outside the United States. The company's net income attributable to common shareholders declined to $1.44 billion, or $1.42 per share, in the second quarter ended June 30, from $1.52 billion, or $1.43 per share, a year...

*Citi to pay $700 mln in relief to borrowers. July 21- Citigroup Inc's consumer bank has been ordered to pay $700 million in relief to borrowers for illegal credit card practices, the U.S. Consumer Financial Protection Bureau said. Citi will also pay civil penalties of $35 million each to the consumer finance watchdog and the Office of the Comptroller of the...

July 21- Citigroup Inc's consumer bank has been ordered to pay $700 million in relief to borrowers for illegal credit card practices, the U.S. Consumer Financial Protection Bureau said. The $770 million total payout is about 1 percent of Citi's estimated revenue for 2015, according to Thomson Reuters StarMine. "Citi is fully reserved to pay costs associated...

July 21- Citigroup Inc's consumer bank has been ordered to pay $700 million in relief to borrowers for illegal credit card practices, the U.S. Consumer Financial Protection Bureau said. Citigroup is not the only big U.S. bank whose credit card practices are under scrutiny. Citigroup shares were up 0.6 percent at $59.19 in late morning trading on the New York Stock...

NEW YORK— Nine million credit card customers will receive refund checks from Citigroup after U.S. regulators forced the bank to repay $700 million and fined it $70 million for illegal and deceptive practices. Some of the illegal activity by Citi goes back to as early as 2000, the CFPB said, and ended in 2013, and covers a range of products sold by Citi and...

TORONTO, July 14- Bank of Nova Scotia said on Tuesday it will buy Citigroup Inc's retail and commercial banking operations in Panama and Costa Rica, expanding its presence in Central America. The Canadian lender, which operates under the Scotiabank banner, said the deal will lift its market share in credit cards to about 18 percent in Panama and to 15 percent in...

July 8- JPMorgan Chase& Co will pay $136 million and reform its credit card collection practices as part of a joint state-federal settlement, U.S. state attorneys general and the Consumer Financial Protection Bureau said on Wednesday. It will also pay at least $50 million in consumer refunds and $30 million to the Office of the Comptroller of the Currency in a...